AGREEMENT AND RELEASEAgreement and Release • January 25th, 2008 • Vineyard National Bancorp • National commercial banks • California
This Agreement and Release (“Agreement”) is made and entered into this 23rd day of January, 2008, among Vineyard Bank, National Association, a national banking association (“Bank”), Vineyard National Bancorp, a California corporation (“Bancorp”) and Norman Antonio Morales (“Morales”). The parties have agreed that Morales’ employment with Bank, Bancorp and all parents, subsidiaries and affiliates of Bank and Bancorp (collectively, the “Vineyard Entities”) shall terminate effective January 23, 2008 (the “Separation Date”). The following confirms the terms and conditions of a mutually agreed upon separation and release of claims among Bank, Bancorp and Morales.
